Board of Trustees
Mr. Brennan is Chairman Emeritus and Senior Advisor of The Vanguard Group, Inc., one of the world’s largest investment companies with assets under management of roughly $4 trillion. Mr. Brennan served as Chief Executive Officer of Vanguard from 1996 to 2008 and Chairman of the Board from 1998 to 2009. He was elected President in 1989 after joining Vanguard in 1982.
Mr. Brennan serves on several boards of directors, and is a director of General Electric Company; a director of American Express; a director of Guardian Life Insurance Company; chairman of the University of Notre Dame's Board of Trustees; chairman of the Financial Industry Regulatory Authority (FINRA); chairman of the Vanguard Charitable Endowment Program; a past chairman of the Investment Company Institute; and a past governor of United Way of America.
Mr. Brennan graduated from Dartmouth College and received an M.B.A. from Harvard Business School. He has received honorary degrees from Curry College and Drexel University.
Mr. Jeton leads the strategic direction and oversees the operations of Catholic Investment Services. Prior to this appointment, Mr. Jeton spent 15 years in private equity, most recently as Chief Operating Officer of a portfolio company of Devonshire Investors, the private capital arm of Fidelity Investments, and as Chief Operating Officer of Apax Partners’ U.S. operations in New York.
He began in private equity as partner and Chief Financial Officer of Heritage Partners, a middle-market buyout firm in Boston. He started his career in finance at the First National Bank of Boston, where he had extensive domestic corporate banking experience and was a senior executive in the bank’s units in France, Japan, Australia and Nigeria.
Mr. Jeton has served on the board of Marymount International School, Paris (part of the Religious of the Sacred Heart of Mary network of schools) and A Better Chance, Inc. (Andover, MA chapter). He is a graduate of Dartmouth College and earned his M.A. from Boston University.
Mr. Lanctot is a Partner of William Blair & Company, a Chicago-based investment banking and asset management firm, where he heads the Debt Capital Markets Department.
During his professional career, Mr. Lanctot has played an active role in innovative public-private partnership financial advisory assignments and financing transactions for clients in the public, non-profit and private sectors. Before joining William Blair, Mr. Lanctot practiced law for 23 years, advising clients on a wide variety of transactional and governance matters.
Mr. Lanctot is a trustee of the Vanguard Charitable Endowment Program, director of the Big Shoulders Fund, which supports Chicago’s inner-city Catholic schools, a trustee of Illinois Institute of Technology, vice chairman and director of the Chicago Botanic Garden, and a director of the Ruth M. Rothstein CORE Center (a joint venture of Cook County and Rush-Presbyterian – St. Luke’s Medical Center).
Mr. Lanctot attended the University of Pennsylvania, received his B.A. from Northwestern University and graduated from the University of Chicago Law School.
Mr. Malpass is Vice President and Chief Investment Officer at the University of Notre Dame. Since he began serving as CIO in 1989, he has been responsible for investment of the university's endowment, working capital, pension and life income assets of some $11.5 billion.
Mr. Malpass teaches investment and portfolio management at Notre Dame's Mendoza College of Business. He also serves on the boards of directors of the Vatican Bank, Saint Joseph Regional Medical Center, the Vanguard Group, the Vanguard mutual funds, and is Chairman of The Investment Fund for Foundations (TIFF). He also advises numerous U.S. charities on their investments.
Mr. Malpass earned his undergraduate degree and M.B.A. from the University of Notre Dame.
Joan Payden, is the President and Chief Executive Officer of Payden & Rygel, the global investment management firm that she founded in 1983. Payden has overseen the firm’s international expansion and its growth to more than $120 billion in assets under management. In 1992 the firm launched Payden & Rygel Investment Group, a family of mutual funds, of which she is chairman and chief executive officer. Subsequently many of these strategies were duplicated in UCITS funds domiciled in Ireland. In 1998 Payden & Rygel Global Ltd. was founded in London. At the same time, the firm established Metzler/Payden LLC, its joint venture with Metzler Bank, Germany’s oldest private bank. Joan serves on the UCLA Anderson School board of advisors, and is a trustee of the University of Southern California and Loyola Marymount University. She is also a member of the board of the Town Hall of Los Angeles, the Los Angeles Sports Council, the California Chamber of Commerce, and the Natural History Museum of Los Angeles. She is past chairman of the Investment Counsel Association of America.
She holds the Chartered Financial Analyst designation. She is a graduate of the Advanced Management Program at Harvard Business School and earned a BA from Trinity Washington University in Mathematics and Physics.
Since June 2004, Paul Schott Stevens has served as President and CEO of the Investment Company Institute (ICI). Founded in 1940, ICI is a leading global association of regulated funds, including mutual funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts (UITs) in the United States, and similar funds offered to investors in jurisdictions worldwide. ICI seeks to encourage adherence to high ethical standards, promote public understanding, and otherwise advance the interests of funds, their shareholders, directors, and advisers. ICI’s US fund members manage total assets of US$17.8 trillion and serve more than 90 million US shareholders. Members of ICI Global, the international arm of ICI, manage total assets of US$1.5 trillion.
Stevens has steered ICI during some of the most challenging times in its 75-year history, through the financial crisis and beyond. He has led ICI’s efforts on a series of crucial issues – money market fund reform, passage and implementation of the Dodd-Frank Act, regulatory efforts to address “systemic risk,” and critically important fiscal and tax issues. In response to the globalization of fund investing and regulation, he directed the 2011 launch of ICI Global and the expansion of ICI’s international activities through offices in London and Hong Kong. He has consistently championed the role of investment funds and defined contribution plans in providing for retirement. In 2014, he was elected Chairman of the International Investment Funds Association, an organization consisting of ICI and all its counterpart associations worldwide.
Stevens is a member of the executive committee of ICI’s Board of Governors, and also serves as a director of ICI Mutual Insurance Company. He was ICI’s General Counsel from 1993 to 1997. He also practiced law in Washington for many years, most recently as a partner in the financial services group of Dechert LLP. In addition, Stevens served in a variety of senior positions at the White House and the Defense Department, including as Special Assistant for National Security Affairs to President Ronald Reagan and chief of staff of the National Security Council. Upon leaving government service, he received the Defense Department’s Medal for Distinguished Public Service, its highest civilian decoration. Stevens was resident in Japan in 1990 as a US-Japan Leadership Fellow.
Over his career, Stevens has written and spoken widely on financial regulatory and other issues. He also has been involved in a range of professional, cultural, community and church activities. Since 2006, he has served on the Finance Council of the Catholic Diocese of Arlington and chairs its investment committee. He received a B.A., magna cum laude, from Yale University and a J.D. from the University of Virginia.
Advisor to the Board
Mr. Flannery joined TIFF in 2003 and serves as Chief Executive Officer with overall responsibility for all of the organization's activities. Prior to joining TIFF, Mr. Flannery spent 14 years at Delaware Investments, where he was Executive Vice President, supervising multiple departments and playing a key role in the firm's transition from a domestic to a global investment management firm. He holds a BS summa cum laude in sociology from Saint Joseph's University and a JD from Harvard Law School. Mr. Flannery serves on the Investment Committee of the Financial Industry Regulatory Authority (FINRA) and on the Compensation Committee of Mercy Investment Services Inc., a non-profit investment firm serving the Sisters of Mercy. He also serves on the board of The Nelson Foundation.
Ms. McCusker joined CIS in 2014 and oversees investor relations and marketing for the firm. Prior to joining CIS, she spent 10 years at Cambridge Associates in Boston and London in both investment and business development functions. For more than seven years at Cambridge Associates, she advised non-profit clients in the U.S. and Europe with assets ranging from $50 million to over $1 billion on investment policy setting, governance, asset allocation, manager selection and risk management. She also served as head of business development and client relations in Cambridge Associates’ London office serving institutional clients in Europe, the Middle East and Africa.
She holds a B.S.M degree in finance and accounting from Tulane University and an M.B.A from Boston University. She currently holds both FINRA series 7 and 63 registrations.
Check Rita McCusker's background here.